公司概述
Levi Strauss & Co. is a prominent entity within the consumer cyclical sector, specifically operating in the apparel manufacturing industry where it designs, markets, and sells a comprehensive range of garments and accessories for men, women, and children globally. The company's product portfolio extends across jeans, casual and dress pants, activewear, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories, catering to diverse consumer needs in both the United States and international markets. With a market capitalization of $8.75 billion, an annual revenue of $6.50 billion, and a workforce of 19,000 employees, the firm demonstrates significant scale within the global fashion landscape. These financial metrics indicate that Levi Strauss & Co. maintains a substantial market presence, reflecting its established brand equity and operational footprint as a leading player in the apparel manufacturing space.
财务健康
The company reported a trailing twelve-month revenue of $6.50 billion, generating a net income of $538.90 million and an EBITDA of $944.90 million during the same period. The substantial gap between the $6.50 billion revenue and the $538.90 million net income highlights a cost structure that includes significant operating expenses, taxes, and other deductions, resulting in a profit margin of 9.5%. Operating efficiency is further evidenced by a gross margin of 61.7% and an operating margin of 12.5%, indicating strong pricing power and effective cost control relative to the high-volume nature of apparel manufacturing. The firm generated free cash flow of $545.96 million, which provides essential financial flexibility for capital allocation, debt repayment, and potential strategic investments without relying solely on external financing. On the balance sheet, the company holds $812.00 million in cash against total debt of $2.32 billion, while the debt-to-equity ratio stands at 104.98, suggesting a leveraged financial structure that utilizes debt to finance operations or expansion. Despite the leverage, the current ratio of 1.58 indicates a healthy short-term liquidity position, as current assets exceed current liabilities by a comfortable margin. Additionally, the return on equity of 25.4% and return on assets of 7.2% reveal that management is effectively utilizing shareholder capital and total assets to generate returns, with equity returns significantly outpacing asset returns.
估值评估
Valuation metrics for Levi Strauss & Co. include a trailing twelve-month P/E ratio of 16.74 and a forward P/E ratio of 13.80. The difference between the trailing and forward P/E ratios implies that the market expects earnings growth that would allow the stock to trade at a lower multiple in the future, reflecting anticipated improvements in profitability or efficiency. The price-to-book ratio is 3.90, indicating that the market values the company at a significant premium over its book value, likely driven by intangible assets such as brand strength and intellectual property. Alternative valuation measures, including a price-to-sales ratio of 1.35 and an EV/EBITDA of 10.86, provide additional context, suggesting the company is priced moderately relative to its sales and enterprise value-adjusted earnings. Price action shows a 52-week high of $24.82 and a 52-week low of $12.17; without the specific current stock price provided in the facts, the valuation range is defined by this volatility band. The stock exhibits a beta of 1.34, which indicates that the share price is expected to be more volatile than the broader market, moving approximately 34% more than the market index in response to systemic factors.
Growth & Income
Levi Strauss & Co. demonstrated robust expansion with a year-over-year revenue growth of 14.1% and an earnings growth of 32.6%. The fact that earnings growth significantly outpaces revenue growth suggests that the company is benefiting from operational leverage, such as improved margins or cost synergies, rather than solely from top-line volume expansion. As a dividend payer, the company offers a dividend yield of 2.5% with a payout ratio of 40.4%, indicating that the dividend is sustainable given the current earnings level and leaves ample room for retention to fund growth initiatives. The combination of double-digit revenue growth and a payout ratio well below 100% supports a profile that balances income generation with capital reinvestment. Overall, the company presents a growth and income profile characterized by accelerating earnings performance and a disciplined approach to returning value to shareholders while maintaining sufficient liquidity for ongoing operations.